Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as ...
REUTERS: Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to open its stores only after June 1.
Capri, which had a total of about 17,800 employees at the end of fiscal 2019, said furloughed employees were eligible for unemployment insurance and other government relief programs. It added it would need a smaller workforce once the pandemic ends.
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